QAD Inc. Declares Quarterly Dividend of $0.07 (QADA)
QAD (NASDAQ:QADA) announced a quarterly dividend on Friday, June 13th, AnalystRatingsNetwork.com reports. Shareholders of record on Wednesday, June 25th will be paid a dividend of 0.072 per share on Wednesday, July 2nd. This represents a $0.29 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, June 23rd.
On the ratings front, analysts at TheStreet upgraded shares of QAD from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.
QAD (NASDAQ:QADA) traded down 0.18% on Friday, hitting $21.93. 18,346 shares of the company’s stock traded hands. QAD has a one year low of $11.10 and a one year high of $23.07. The stock’s 50-day moving average is $20.24 and its 200-day moving average is $18.7. The company has a market cap of $347.7 million and a P/E ratio of 47.25.
QAD (NASDAQ:QADA) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.08. The company had revenue of $68.50 million for the quarter, compared to the consensus estimate of $66.50 million. On average, analysts predict that QAD will post $0.65 earnings per share for the current fiscal year.
In other QAD news, CAO Kara Bellamy sold 2,711 shares of the stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $22.19, for a total value of $60,157.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
QAD Inc (NASDAQ:QADA) is a worldwide provider of enterprise software applications, and related services and support.
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